Feds To Pay Hundreds Per Child To American Families; Critics Warn Of Economic Fallout
The Center Square cites Research Fellow Sean Higgins on tax credits:
“In and of itself, making the full child tax credit payments available to families with no income probably won’t have a large effect on employment, though it is likely to prevent at least some from returning to full employment,” said Sean Higgins, an economic expert at the Competitive Enterprise Institute. “The concern regarding the tax credits is normalizing this practice of straight payments with no strings attached and Congress turning that into something that lawmakers try to build on with each successive budget. The Earned Income Tax Credit is an effective anti-poverty tool because it rewards people for working. That should be the model.”